Cormark Issues Positive Forecast for Centerra Gold Earnings

Centerra Gold Inc. (NYSE:CGAU) – Analysts at Cormark upped their Q1 2025 earnings estimates for shares of Centerra Gold in a research note issued on Tuesday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.11 per share for the quarter, up from their previous forecast of $0.09. Cormark currently has a “Hold” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share.

Other research analysts have also recently issued reports about the stock. Raymond James reissued an “outperform” rating on shares of Centerra Gold in a report on Friday, April 4th. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a research note on Monday, April 14th. CIBC reiterated a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. Finally, National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Centerra Gold Price Performance

Shares of NYSE CGAU opened at $6.69 on Wednesday. The business has a 50-day moving average of $6.17 and a two-hundred day moving average of $6.24. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 18.58 and a beta of 0.81. Centerra Gold has a 1 year low of $5.41 and a 1 year high of $7.82.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The company had revenue of $302.40 million for the quarter, compared to analyst estimates of $316.92 million.

Institutional Investors Weigh In On Centerra Gold

Large investors have recently modified their holdings of the stock. Millennium Management LLC lifted its holdings in shares of Centerra Gold by 0.3% during the fourth quarter. Millennium Management LLC now owns 585,238 shares of the company’s stock valued at $3,330,000 after purchasing an additional 1,663 shares during the last quarter. Toronto Dominion Bank raised its holdings in Centerra Gold by 8.8% during the 4th quarter. Toronto Dominion Bank now owns 36,901 shares of the company’s stock worth $210,000 after buying an additional 2,980 shares during the period. Hsbc Holdings PLC lifted its stake in Centerra Gold by 6.5% during the fourth quarter. Hsbc Holdings PLC now owns 52,769 shares of the company’s stock valued at $299,000 after buying an additional 3,201 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Centerra Gold by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 181,755 shares of the company’s stock worth $1,036,000 after buying an additional 3,608 shares during the period. Finally, Capstone Investment Advisors LLC increased its position in shares of Centerra Gold by 34.2% in the fourth quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company’s stock worth $95,000 after acquiring an additional 4,263 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.07 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.19%. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio is currently 52.78%.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.